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Home / Metal News / Price Spread Between Copper Cathode Rod and Secondary Copper Rod Widens, Secondary Copper Rod Consumption Rebounds [SMM Weekly Review on Secondary Copper Rod]

Price Spread Between Copper Cathode Rod and Secondary Copper Rod Widens, Secondary Copper Rod Consumption Rebounds [SMM Weekly Review on Secondary Copper Rod]

iconMar 7, 2025 15:22
Source:SMM
[SMM Analysis: Price Difference Between Copper Cathode Rod and Secondary Copper Rod Widens, Secondary Copper Rod Consumption Rebounds] According to SMM's survey data, the operating rate of secondary copper rod this week was 33.40%, down 0.27 percentage points WoW and 13.99 percentage points YoY. Meanwhile, the average price difference between copper cathode rod and secondary copper rod this week was 1,058 yuan/mt, up 189 yuan/mt WoW. In addition, the average discount of secondary copper rod in Jiangxi against copper futures was 658 yuan/mt, expanding by 215 yuan/mt WoW...
According to SMM survey data, the operating rate of secondary copper rod this week was 33.40%, down 0.27 percentage points WoW and 13.99 percentage points YoY. Meanwhile, the average price spread of refined and secondary copper rods this week was 1,058 yuan/mt, up 189 yuan/mt WoW. Additionally, the average discount of secondary copper rod in Jiangxi against copper futures was 658 yuan/mt, expanding by 215 yuan/mt WoW. On Thursday, copper prices rose rapidly, pushing the price spread of refined and secondary copper rods back above the 1,100 yuan/mt advantage line. The willingness of traders and end-users to pick up goods recovered slightly, but the increase was limited. The finished product inventories of secondary copper rods during the week were 4,440 mt, down 710 mt from 5,150 mt last week. The rebound in copper prices boosted destocking of finished products at secondary copper rod enterprises. At the beginning of the week, some enterprises indicated that if finished product inventories continued to increase, they might consider a short-term shutdown in mid-March. However, as inventories decreased by the end of the week, some enterprises stated that they would temporarily abandon the idea of a shutdown. With the arrival of the traditional peak season in March, secondary copper rod enterprises reported minimal growth in spot orders, with current deliveries mainly focused on long-term contracts. Sales in March are expected to reach only 70-80% of the same period in previous years. Looking ahead to next week, the operating rate of secondary copper rod is expected to rebound, primarily due to an increase in operating days. 》Subscribe to view historical SMM metal spot prices 》Click to view the SMM copper industry chain database

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